Hutchison Whampoa Limited (HWL), parent company of Three, has agreed to buy O2 UK from Telefónica for £9.25bn.
The acquisition will create a network boasting 33 million UK customers and will help HWL establish a dominant position in the market.
David Dyson, chief executive of Three said: “Three’s leadership in mobile data together with O2’s strength on network coverage is a great combination that will bring very real benefits to businesses and consumers throughout the UK.
“The highly complementary network assets will deliver market leading coverage and capacity for talk, text and data and will be well placed to satisfy rapidly growing Read full story ›
Source: The Drum
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